M. Kulyk & Associates LLC Purchases 845 Shares of Target Co. (NYSE:TGT)

M. Kulyk & Associates LLC boosted its position in shares of Target Co. (NYSE:TGT) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,783 shares of the retailer’s stock after acquiring an additional 845 shares during the period. M. Kulyk & Associates LLC’s holdings in Target were worth $4,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. OFI Invest Asset Management bought a new stake in shares of Target in the 4th quarter valued at approximately $36,000. United Community Bank grew its stake in shares of Target by 406.8% in the 4th quarter. United Community Bank now owns 16,576 shares of the retailer’s stock valued at $2,241,000 after purchasing an additional 13,305 shares during the period. Personal CFO Solutions LLC grew its stake in shares of Target by 327.9% in the 4th quarter. Personal CFO Solutions LLC now owns 9,507 shares of the retailer’s stock valued at $1,285,000 after purchasing an additional 7,285 shares during the period. Intellectus Partners LLC grew its stake in shares of Target by 5.1% in the 4th quarter. Intellectus Partners LLC now owns 5,880 shares of the retailer’s stock valued at $795,000 after purchasing an additional 285 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Target by 7.5% in the 4th quarter. Larson Financial Group LLC now owns 9,465 shares of the retailer’s stock valued at $1,279,000 after purchasing an additional 662 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

TGT stock opened at $115.11 on Friday. The business’s fifty day moving average is $132.05 and its 200-day moving average is $141.49. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a market cap of $52.74 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target Co. has a twelve month low of $112.10 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.17. The company had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. Target had a return on equity of 31.11% and a net margin of 4.06%. Equities research analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Wednesday, February 12th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio is currently 50.56%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Telsey Advisory Group lowered their price objective on Target from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday. DA Davidson lowered their price objective on Target from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial reduced their target price on Target from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday. Evercore ISI reduced their target price on Target from $135.00 to $130.00 and set an “in-line” rating on the stock in a report on Wednesday. Finally, Piper Sandler reduced their target price on Target from $132.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $147.00.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.